Italy has just reported its producer IPC (PPI) with a year-on-year contraction of -0.3%, marking an unexpected turnaround from the previous growth of 0.2%. This shift towards deflationary sentiment in the second-largest economy of the Eurozone has significant implications for the markets. The disinflationary pressure in Europe intensifies expectations for more relaxed monetary policies, which historically favors risk assets like cryptocurrencies. With central banks evaluating new cycles of rate cuts, the macroeconomic environment becomes more favorable for Bitcoin and other alternative assets seeking protection against monetary expansion.